US Crude Oil Storage Demand Surges as Traders Brace for OPEC+ Price War
This month, OPEC+ agreed to accelerate oil output hikes for a second consecutive month in June as the group looks to punish over-producing members. OPEC leaders are also contemplating a…
Bond Selloff Rolls on as US House Passes Trump’s ‘Big Beautiful’ Tax Bill
(Reuters) – Bond vigilantes continued to stalk global debt markets on Thursday, also keeping the dollar and stocks subdued, as the U.S. House of Representatives passed President Donald Trump’s “big…
US ‘Not Convinced’ About Lowering G7 Oil Price Cap, European Official Says
(Reuters) – A European official said the United States was “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising…
Solar Stocks Plummet After Trump’s Tax Bill Advances in US House
By May 22 (Reuters) – Shares of U.S. solar companies fell sharply on Thursday after the House of Representatives advanced President Donald Trump’s sweeping tax and spending bill, which may…
The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns
Wastewater disposal in the Permian Basin is boosting pressure underground, threatening to hinder oil production By and Produced water gushes out of the ground a geyser in Toyah, Texas, on…
Venture Global on Track to Become Top US LNG Company if CP2 Project Approved
Summary Venture Global could top Cheniere to become largest US LNG company Producing at higher rates than initially expected Plans to sell additional volumes on long-term contracts (Reuters) – Venture…
COMMENTARY: How Republicans Got Roped Into a Deal That Keeps the IRA – and Why There’s Still Time to Fix It – Alex Epstein
The subsidized energy lobby used “framing” to win Republican negotiations before they even started. But it’s not too late to reframe the negotiation, starting from real IRA termination. By Alex…
Oil Prices Fall 1% on Potential Further Increase to OPEC+ Output
Summary OPEC in pursuit of market share, says Onyx analyst A 411,000 bpd increase likely, RBC Capital analyst says U.S. crude inventories rise unexpectedly (Reuters) – Oil prices fell more…
US Crude, Fuel Stocks Up as Crude Imports Rise, Product Demand Slips, EIA Says
By and HOUSTON, May 21 (Reuters) – U.S. crude and fuel inventories posted surprise stock builds last week, the Energy Information Administration said on Wednesday, as crude imports hit a…
Elliott Wins Two Seats, Phillips 66 Retains Two Seats in Hotly Contested Board Fight
By and Phillips shareholders elect two of activist investor’s nominees Oil refiner also sees two of its nominated directors elected Analysts say vote means some change but no big mandate…
